Personal Tax Returns, also known as Self-Assessment Tax Returns, must be submitted by individuals that have earned income which HMRC is unaware of. This is a system that HMRC uses to collect Income Tax for income that is not reported by third parties, such as an employer.
The Self-Assessment shows how much an individual has earned, and from what sources over the course of a tax year. The tax year for individuals runs from the 6th of April to the 5th of April the following year, e.g., the 2022/23 Tax Year runs from the 6th of April 2022 to the 5th of April 2023.
As an individual, you are required to send a tax return if you were:
You may also be required to send a tax return if you have other untaxed income, such as:
This list is not exhaustive, as there may be other reasons why you may choose to fill in a Tax Return, for example to claim some Income Tax Reliefs, or prove Self-Employment status to claim Tax-Free Childcare or Maternity Allowance.
We will require either your accounts (if you are a Sole Trader), or year-end balances for the relevant sections, such as a P60 for Employment, a Tax Report from your investment platforms, etc.– bookkeeping is not included with this service. Please see our Bookkeeping section or our Sole Trader – Annual Accounts service for more information.
The deadlines for filing your Self-Assessment Tax Return and paying your liabilities are:
Our fees vary based on the number of sections included in your Tax Return, the complexity of your tax affairs and the quality of your records.
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